The New American Dream initiative began in 2016, inspired by New American Funding Co-Founder and CEO Patty Arvielo. The initiative strives to serve all communities through homeownership, education, and community engagement. We are proud to support the dreams of all Americans. In fact, New American Funding is one of the top lenders to Hispanic and Black borrowers.
The New American Dream initiative combines hard work, integrity, a team effort, and continuous learning to increase the rate of Black Homeownership in America. Our purpose is to provide racial equity and build consumer confidence through home buying education, accessibility to credit, and mortgage industry career opportunity awareness to black communities.
The driving force behind the New American Dream Committee is to understand, then overcome, hurdles that Black consumers face throughout the homeownership process. Building awareness and increasing homeownership in Black communities throughout our country is at our core foundation, and we achieve this through homebuyer education, mortgage industry career opportunities, and incredible community involvement.
Committed to Lending $20 billion in new mortgages to Black borrowers over 7 years
Proud to be one of the top minority-owned mortgage lenders in the U.S.
NAF believes in serving underserved communities and reducing homeownership disparities
First-time homebuyers in select areas may be eligible for up to $8,000* in down payment and closing cost assistance
Clients may be able to refinance with no repeat lender fees or appraisal fees** if rates drop in the next five years
*Based on 2022 HMDA data from ComplianceTech's Lending Patterns HMDA software
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